The Globe and Mail reports in its Wednesday, June 28, edition that National Bank Financial analyst Vishal Shreedhar has reiterated his "outperform" recommendation for MTY Food Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar, however, gave his share target a $5 trim to $69. Analysts on average target the shares at $70.36. Mr. Shreedhar expects to see "significant" earnings growth from MTY Food when it posts second quarter results next month as the contributions from its recent acquisitions of BBQ Holdings and Wetzel's Pretzels begin to surface. He warns, however, that MTY faces a "more challenging" restaurant environment moving forward. He points to a "good" backdrop in Canada but much more "mixed" conditions south of the border. Mr. Shreedhar says in a note: "U.S. and Canada real restaurant growth continues to outpace real food store growth. This gap has narrowed since Q1/F21. We understand that traffic trends are positive in Canada, but tepid in the U.S. In April/May, 2023, U.S. food inflation at home fell below restaurant menu inflation for the first time since we started tracking the data in February, 2022. ... Despite near-term headwinds, we remain constructive on MTY."